iShares Short Maturity Municipal Bond Active ETF (BATS:MEAR) Sets New 52-Week Low – What’s Next?

iShares Short Maturity Municipal Bond Active ETF (BATS:MEAR) reached a new 52-week low during mid-day trading on Monday . The company traded as low as $50.10 and last traded at $50.13, with a volume of 26321 shares trading hands. The stock had previously closed at $50.23.

iShares Short Maturity Municipal Bond Active ETF Price Performance

The company’s 50-day simple moving average is $50.27 and its 200 day simple moving average is $50.35.

Institutional Investors Weigh In On iShares Short Maturity Municipal Bond Active ETF

Several institutional investors and hedge funds have recently modified their holdings of MEAR. Newbridge Financial Services Group Inc. acquired a new position in iShares Short Maturity Municipal Bond Active ETF during the second quarter worth $29,000. Centennial Bank AR raised its holdings in iShares Short Maturity Municipal Bond Active ETF by 183.6% during the fourth quarter. Centennial Bank AR now owns 1,730 shares of the company’s stock valued at $87,000 after buying an additional 1,120 shares in the last quarter. Blueline Advisors LLC acquired a new stake in shares of iShares Short Maturity Municipal Bond Active ETF in the fourth quarter worth about $116,000. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of iShares Short Maturity Municipal Bond Active ETF in the second quarter worth about $120,000. Finally, Friedenthal Financial bought a new stake in shares of iShares Short Maturity Municipal Bond Active ETF during the 1st quarter worth about $134,000.

iShares Short Maturity Municipal Bond Active ETF Company Profile

The iShares Short Maturity Municipal Bond ETF (MEAR) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund holds a portfolio of actively managed municipal bonds and targets a weighted average portfolio maturity of 3 years or less. MEAR was launched on Mar 3, 2015 and is managed by BlackRock.